Vancouver, British Columbia-(June 16, 2022) Slave Lake Zinc Corp. (the “Company”) (CSE: SLZ): The three-year gamble to control the mineral “Corridor” that is O’Connor Lake and surrounding area has come to fruition. Risking that the model may be wrong and before Slave Lake had any surety that the specifically targeted land area in the South Slave, which has been under a land withdrawal for nearly a generation and possibly not to be available to any one until land claims were settled, Slave Lake gambled on two fronts. The company flew 900 line km’s of airborne geophysics and negotiated a “Collaboration Agreement with the Northwest Territory Métis Nation”. This collaboration agreement allowed for the lifting of the “interim land withdrawal” totaling approximately 18,841 acres of the corridor through an “Order in Council” with the Government of the Northwest Territories.
Slave Lake Zinc has strategically expanded its land position by staking 76.25 sq. km. contained in ten mineral claim blocks surrounding the Company’s original O’Connor Lake lease. The Company has previously reported substantial surface, and sub-surface, mineralization contained in structural zones traced from border to border of the lease. The original lease area contains historic (non-43-101 compliant) high grade quantities of the Critical Metal Zinc, plus significant grades of lead, copper, and precious metals
Vancouver, British Columbia-(June 16, 2022) Slave Lake Zinc Corp. (the “Company”) (CSE: SLZ): The three-year gamble to control the mineral “Corridor” that is O’Connor Lake and surrounding area has come to fruition. Risking that the model may be wrong and before Slave Lake had any surety that the specifically targeted land area in the South Slave, which has been under a land withdrawal for nearly a generation and possibly not to be available to any one until land claims were settled, Slave Lake gambled on two fronts. The company flew 900 line km’s of airborne geophysics and negotiated a “Collaboration Agreement with the Northwest Territory Métis Nation”. This collaboration agreement allowed for the lifting of the “interim land withdrawal” totaling approximately 18,841 acres of the corridor through an “Order in Council” with the Government of the Northwest Territories.
Slave Lake Zinc has strategically expanded its land position by staking 76.25 sq. km. contained in ten mineral claim blocks surrounding the Company’s original O’Connor Lake lease. The Company has previously reported substantial surface, and sub-surface, mineralization contained in structural zones traced from border to border of the lease. The original lease area contains historic (non-43-101 compliant) high grade quantities of the Critical Metal Zinc, plus significant grades of lead, copper, and precious metals
About Slave Lake Zinc
Slave Lake Zinc Corp. intends to develop the potential of its O’Connor Lake property, an historic zinc lead copper property located in the Northwest Territories of Canada. The property is located south of Great Slave Lake and to the east of Osisko Metals’ Pine Point project. The property was initially developed after the Second World War and subsequently abandoned in 1952 when the prices of zinc and lead collapsed post war. Slave Lake Zinc Corp. believes that it is well positioned to advance this project and to expand significantly the historic potential of the property. For more information, please visit www.zinccorp.ca.
The contents of this News Release have been approved by Gary Vivian P.Geo, a “Qualified Person” as defined by NI 43-101
On Behalf of the Board of Directors,
Slave Lake Zinc Corp.
Per:
Ritch Wigham CEO & Director
Phone: 604-396-5762
Email: [email protected]
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of the content of this news release
Forward Looking Statement
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in both Slave Lake Zinc’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “plan”, “estimate”, “expect”, “intend”, “potential”, “should,” and similar expressions, are forward-looking statements. Information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include, without limitation, statements regarding the progress of a definitive offtake agreement, potential development and production at the Company’s O’Connor Lake project, future oriented events and other statements that are not facts. Forward-looking statements are based on a few assumptions and estimates that, while considered reasonable by management based on the business and markets in which Slave Lake Zinc operates, are inherently subject to significant operational, economic, and competitive uncertainties and contingencies. Such forward-looking statements should therefore be construed in light of such factors. Although Slave Lake Zinc has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and Slave Lake Zinc disclaims any intention or obligation to update or revise such information, except as required by applicable law, and Slave Lake Zinc does not assume any liability for disclosure relating to any other company herein
